Singapore's Aster plans to raise naphtha cracker utilisation, executive says
The Chandra Asri-Glencore joint venture will also start to supply petrochemicals to buyers
Singapore's Aster Chemicals and Energy has raised its naphtha cracker utilisation rates, according to a company official. The joint venture between Indonesia's Chandra Asri and trading giant Glencore operates a 1.1 million metric tonne per year steam cracker on Singapore's Bukom Island. Currently, the cracker's utilisation ranges from 75 per cent to 80 per cent, but Aster plans to increase this further.
Andre Khor, the company's CFO and deputy CEO, revealed this during a Reuters interview at the APPEC conference, following the news that Aster has started supplying petrochemicals to its buyers.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Singapore's Aster plans to raise naphtha cracker utilisation, executive says businesstimes.com.sg
